St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-10-25
THE COMMERCIAL RECORD.
On the Chicago Board Of Trade the
Opening Markets We're of a
Waiting Sort,
Such as Is Generally Seen at the Be-
ginning of Business on
Monday.
Transactions in the Financial Circles
of Wall Street.-The General
Quotations.
Snecial TO the Globe.


CHICAGO Oct. 24.-The grain markets had
neither father nor mother this morning. The
opening range was almost identical with
Saturdays close. There was no leading
feature to the market. Trading in Decem-
Der wheat began at 73c, and in May at 7Sssc.
December strengthened somewhat under
buying for St. Louis account. Cables were
firm. Early operations in May corn were on
basis of 447sc. Provisions opened firm and
higher on moderate receipts of hogs and in
creased speculative demand. Brokers who
have been laying back with open orders for
produce were liberal buyers. There was
trading in January pork from So. 1919 up to
$3.50. The wheat market softened on the
anticipation of a heavy increase in the visi
BILE supply, guesses varying from 100000
to 100000 bushels. They fell fiat. The
result had been fully discounted in the de-
cline in December from 73lsc to 72a4c and
the price recovered to 73c, where it chung
tenaciously. The pressure was almost
wholly upon December. Offerings of prop
erty for that delivery were heavy. May did
not get below 7SI2c, and the price averaged
TSl2@TSAsc. Once it touched 7Ss4c, but
only for moment.
THE DIFFERENCE
between December and May was sc few
days ago. At one time to-day il was size. 1t
begins TO look as though carriers would get
the full carrying charges. The market became
weak again after II o'clock and prices settled
back. December struck 74a4c and May got
down to 7S1ac and flat. New York gave the
market its best support and sent in good
many large sized orders, but there was no re-
Spouse. The tone was heavy. The volume
of trading was above the recent daily aver
age. However, the foreign markets are rep
resented to be in healthy state, and they
certainly move up when the American mar
&et displays self-respecting independence.
They do not lead, though. Wheat engage
ments to-day, %. 600 bushels. Corn was dull
all day, the market was sluggishly firm from
under influences of light receipts and small
estimates for tomorrow, and only $50 cars,
two days arrivals. Speculative inquiry was
light. Shippers were fairly busy but not
overwhelmed with orders. Lake engage
ments were reported for 100000 bushels.
Receipts for hogs at all important packing
points are less than talked about The firm
ness in live hogs is reflected in provisions,
which were quite strong to-day, with a
healthy activity TO trade. Closings mark a
gain of 10cin pork and sc in ribs and lard as
compared with Saturday.
THE ROUTINE REPORT
CHICAGO, Oct. 2l.-The opening markets
were of the usual Monday waiting character,
pending the announcement of the visible
supply December wheat opened steady mt
T3lsc, soon reacted to 727sc, during the
greater part of the session remained around
73c, closing at 73lsc. The visible supply
statement showed an increase of 1.077,000
bu but did not affect prices materially. Com
paratlvelv few outside orders were received
and local trading was tar from heavy. Re-
ceiptS i'll the Northwest continue liberal and
the shipments moderate. Corn was traded i'll
only moderately to-day, and fluctuations were
within n The urincinal
ture was the decrease of 21S,000 bu which
assisted the late firmness TO Il considerable
extent The market opened at Saturdays
closing prices, was steady for time, then de-
clined 1s014c, recovered and closed firmer
than Saturday at447s@45c for the May option.
Oats in the speculative market were very
quiet to-day, the limited business transacted
being confined almost entirely to May, which
was steady until near the close. The near
futures were without material change, though
seller the month sold off lac to Csc May
sold at 29ss(d 29l2c, closing at the latter
figure. Provisions were only moderately
dealt in, but the feeling was somewhat firm,
and prices ruled higher, especially for the
deferred deliveries, The receipts of hogs
were lighter than anticipated, and prices
ruled higher, consequently there was less
disposition to sell products for future deliv-
cry. The demand, however, was only fair,
not sufficient to materially advance prices.
shipments were only moderately free. Janu-
airy, the active future, sold: Mess pork,
$l2.10@12. l7l2, closing at S12.12I2; lard,
St 22l2@6.25, closing at the former figure
shortribs, S6.12l26.15, closing at the former
figure.
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat, No. 2-October opened at 7Ossc, and
closed at 7O7sc; November, 71I2. closing at
71ssc; December, 13c, closing at 73lsc; May,
7S5sc, closing 7sa4c.. Corn, No. October
opened at 405sc closing at 4os4c; November
dose, closing at 41Ssc; December. 4O7sc
closing at 41c; May, 447s, closing at 447s
Oats, No. 2-October opened at 251sc, closing
at Size; Nov. 25Ss, closing at 25sSc; Decem
Der closed at 25l2c; May, 29ssc, closing at
29l2c. Mess pork per bbl.-January opened
at So. 10, closing at So. 12I2. Lard, per 100
Sc. 80; November, 81 20, closing at Sc. 17l5;
January, S6.22l2, closing at Sc 22l2; May,
$6.5242. closing at S6.5212. Sholt ribs, per
100 lbs-October opened at S7.O2l2, closing
at S7.o2l2; January, S7.15, closing at Sc. 12l2.
Cash quotations were as follows: Flour in
Wheat-No. 2 spring, 70ss@70l2c; No. 2
red, 71s4c. Cern-No. 9, 4O5sc Oats-No.
2, 25c. Rye-No. 2, 52c. Barley-No 2,
71c. Flax Seed-No, 1, 81 .OSA. Prime tim
othy seed, S2.2o@2.2 %. Mess pork per Dbl,
s13. Lard pc. 1Co lbs $3.50; Short ribs
Cboxed), $5@5 20; short clear sides (boxed),
S7.10@7.20. Whisky, distillers' finished
goods. per gallon, S1.10 Sugars-Cut loaf
&c; graduated, 67sc; standard A. 6l2c
Receipts-Flour, 600 bbls; wheat, II 600
bu; corn, $4,000 blu; oats, III 900 bu; rye,
Flour, %, 900 bbls wheat, 161 900 bu; corn
444000 blu; OATS 1913, 900 blu; rye, 80, 600
blu; barley. Sd, 600 bu. On the produce ex-
change to-day the butter market was quiet at
1S@25c for creamery and 16Q21c for dairy
Eggs, l111Sc and quiet.